An analysis of the economic
An analysis of the economic costs of the single party dominated pre-Voting Rights Act south is an interesting read:
Abstract: We formulate a model to explain why the lack of political competition may stifle economic performance and use the United States as a testing ground for the modelers stay home, further increasing the amount that state government is biased towards bad policies that stifle economic growth. Of course, I look at that, and at the amount of single party dominance at the state level, and wonder if the only thing keeping the same effect in check right now is how competitive the national presidential election is.
Then again, looking at the fiscal irresponsibility of the Republican Party nowadays, maybe the effect is moving to a national level...
hat tip: Craig Newmark
